Abu Dhabi Fund for Development (ADFD), together with the International Renewable Energy Agency (Irena), has awarded US$57 million in loans for renewable energy projects in five developing countries including Iran and Mauritania. The facility will provide a total of $350m in soft loans over seven funding cycles. The first selection cycle began in November 2012. This year’s award winners come from Argentina, Cuba, Iran, St Vincent and the Grenadines and, for a second time, Mauritania. Two awards will be for geothermal energy including a first-of-its-kind in Iran. The 5 megawatts small-scale geothermal project, located in Ardebil, will receive $6m to help provide local heating and power for various agricultural activities benefiting 150,000 people. Mauritania will get $6m for a project using solar and wind. “We are keen to support the economic development and deployment of sustainable energy projects in countries with immense clean energy potential, but lacking necessary financial resources and project management expertise,” said Adel Abdulla Al Hosani, ADFD director of operations.